Marks and Spencer Group (LON:MKS) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Marks and Spencer Group (LON:MKS) had its target price hoisted by stock analysts at Berenberg Bank from GBX 406 to GBX 412 in a note issued to investors on Thursday,Digital Look reports. The firm currently has a “hold” rating on the retailer’s stock. Berenberg Bank’s target price would suggest a potential upside of 4.86% from the stock’s previous close.

Several other research firms also recently issued reports on MKS. Peel Hunt reiterated a “hold” rating and set a GBX 360 price target on shares of Marks and Spencer Group in a research note on Wednesday. Citigroup raised Marks and Spencer Group to a “buy” rating and upped their target price for the stock from GBX 380 to GBX 440 in a research report on Monday, September 8th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Marks and Spencer Group from GBX 450 to GBX 435 and set a “buy” rating for the company in a research note on Tuesday, August 26th. Finally, Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 409.40.

Marks and Spencer Group Stock Performance

MKS stock opened at GBX 392.90 on Thursday. The firm has a 50 day moving average of GBX 371.82 and a two-hundred day moving average of GBX 363.47. Marks and Spencer Group has a 12 month low of GBX 319.20 and a 12 month high of GBX 417.80. The company has a market capitalization of £7.92 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00.

Marks and Spencer Group (LON:MKS) last released its quarterly earnings data on Wednesday, November 5th. The retailer reported GBX 6.60 earnings per share (EPS) for the quarter. Marks and Spencer Group had a net margin of 3.77% and a return on equity of 17.23%. As a group, equities analysts anticipate that Marks and Spencer Group will post 26.0113154 EPS for the current fiscal year.

Marks and Spencer Group Company Profile

M&S has a heritage of quality, innovation and value for money and has been voted the UK’s most trusted brand. From these foundations, M&S is reshaping for sustainable profitable growth and value creation.

We operate as a family of businesses, selling high-quality, great-value, own-brand products and services, alongside a carefully selected range of third-party brands.